Draw No Bet
A market where the draw is removed; stakes are refunded if the match ends in a draw.
Free Bet
A promotional stake provided by a bookmaker, usually subject to specific rules and conditions.
Handicap
A method of adjusting outcomes by applying a virtual advantage or disadvantage to a team.
Implied Probability
The probability suggested by betting odds, calculated by dividing 1 by the decimal odds.
In-Play Betting
Betting that takes place while a match is in progress.
Margin (Overround)
The built-in advantage included by a bookmaker across a betting market.
Market
A specific type of bet available on an event.
Multiple
A bet combining four or more selections.
Odds
The price assigned to a specific outcome, reflecting probability and margin.
Pre-Match Betting
Betting that takes place before an event starts.
Settlement
The process by which a bet is resolved as won, lost, void or partially settled.
Stake
The amount of money placed on a bet.
Treble
A combined bet involving three selections.
Void Bet
A bet that is cancelled and refunded according to settlement rules.
Wagering Requirements
Conditions that specify how many times a bonus must be wagered before withdrawal is permitted.
Variance
Natural fluctuations in outcomes over the short term, despite long-term probability.